SunMoon Food Subsidiary Outlines Plans to Expand Distribution Offerings; Shares Slump 5%

MT Newswires

2024/09/09

SunMoon Food Company's (SGX:AAJ) indirect wholly owned subsidiary, Shanghai Shanyan International intends to expand its current offerings to include non-food related products, according to a filing with the Singapore Exchange on Saturday.

The company is now looking to include distribution of non-hazardous chemical products as it seeks to build on its existing supply chain management expertise.

Shares of the company slumped nearly 5% in recent trading.

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